Study on the Impact of Financial Reforms on China's Bilateral Trade with Other SCO Member Countries
Based on the relative financial reform index constructed by the entropy weight method and the panel data of China's bilateral trade with other member countries of the Shanghai Cooperation Organization(SCO)from 2002 to 2022,an extended gravity model is established to empirically analyze the impact of financial reform on China's bilateral trade with other member countries of the SCO.The results of the benchmark regression show that financial reform significantly boosts China's import trade and export trade with other SCO member countries,for every 1%increase in the relative financial reform index,China's import trade with other SCO member countries is boosted by about 0.672%and the export trade is boosted by about 0.576%.In addition,the higher the trade freedom of China relative to other SCO member countries,the more conducive to the development of import and export trade between the two sides and the increase in the per capita GDP of SCO member countries would boost China's imports and exports to other member countries.
Financial ReformShanghai Cooperation OrganizationBilateral TradeGravity Model
NETL
NSTL
万方数据
